Report: Billionaire George Soros Ups Donations to Democrats to $25 Million

Soros reportedly hasn't spent so heavily on election campaign since 2004 Bush-Kerry bout. Soros 'has been a consistent donor to Democratic causes, but this year the political stakes are exceptionally high,' political adviser Michael Vachon says.

Soros had cut down on donations after spending $27 million on an abortive effort to unseat George W. Bush in 2004, an effort which he has called an "exception."

Some Soros associated expect him to give more as Election Day nears, after having earned more than $24.9 billion from risky currency trades.

Soros, 85, canceled plans to attend the Democratic National Convention this week to monitor finances in Europe, Politico quotes an associate as saying.

Soros has accused Republican nominee Donald Trump of "doing the work of ISIS" by exacerbating public fears. He is believed to be worried about the possibility of him being elected president instead of Clinton.

Politico quotes Soros's political adviser Michael Vachon as saying his boss “has been a consistent donor to Democratic causes, but this year the political stakes are exceptionally high.”

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“They were high even before Trump became the nominee because of the hostility on the other side toward many of the issues George cares most about and has worked to support for many years, including immigration reform, criminal justice reform and religious tolerance.”

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